India, March 16 -- After seeing slight recovery in the initial few days of March, the sentiment turned negative in the Indian equities market this week. As a result, most of the new-age tech stocks ended in the red this week and their cumulative market capitalisation slumped nearly $4 Bn.

Barring Fino Payments Bank, EaseMyTrip and CarTrade, 29 out of the 32 new-age tech stocks under Inc42's coverage fell in a range of 0.15% to under 19% this week.

Fintech SaaS company Veefin Solutions emerged as the biggest loser this week, with its shares crashing 18.46% to INR 314.70. The BSE SME-listed company's shares have declined over 40% since January 1. Its market capitalisation has also tanked from over $150 Mn in January to $86.76 Mn at the en...